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Metaplanet Hits All-Time High $6M Q1 Revenue as BTC Holdings Surge 3.9x

  • Metaplanet, a Japanese hospitality firm, reported record-breaking earnings in Q1 with revenue of $6 million, attributing 88% of it to its Bitcoin treasury strategy.
  • The firm increased its Bitcoin holdings by 3.9x to 6,796 BTC through consistent accumulation, ranking it as the 11th largest public company by bitcoin holdings globally.
  • Metaplanet raised 76.6 billion yen ($524.8 million) through a moving-strike warrant program to fund BTC purchases, achieving approximately 68% of its 10,000 BTC goal.
  • Despite an initial unrealized loss of $50.7 million on its BTC position by the end of Q1, Metaplanet saw unrealized gains of $92.5 million as of May 12, with a reported BTC yield of 170%.

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